Developer under contract to buy East Colfax hotel, plans to tear it down
DENVER -- Long-term leases could replace nightly stays at a spot along East Colfax Avenue. Tyler Sibley, an executive with Texas-based Kairoi Residential, said last week that the company is under contract to purchase the Ramada by Wyndham Denver Downtown property at 1150 E. Colfax Ave., and hopes to close sometime next spring or summer.